Gold Editorials & Commentary

Oftentimes, you need to have patience when it comes to the metals.  You see, while they move very quickly when they do move, the rest of the time they simply consolidate until they are ready for their next big move.

One of the most important recent developments in the world of finance was the September liquidity crisis in the U.S. repo market. As a reminder, the repo market is where borrowers borrow cash from lenders against collateral in the form of safe securities such as...

Here are today's videos and charts.

The US stock markets have surged to all-time-record highs, fueled by extreme Fed easing. It jawboned about rate cutting, slashed rates, and birthed a new large-scale Treasury monetization campaign! All this has left traders hyper-complacent, assuming the upside will...

What’s going on in the repo market? Rates on repurchase agreements (“repo”) should be around 2%, in line with the fed funds rate. But they shot up over 5% on September 16 and got as high as 10% on September 17. Yet banks were refusing to lend to each other,...

Gold is down 3% this week on concentrated selling of gold futures on the COMEX in New York.

Global policy planners intend to deliver replacements for both dollar hegemony and fossil fuels. Plans may appear uncoordinated and in their early stages, but these issues are becoming increasingly linked.

Breaking News: The Dow closed at 26,616 on Jan. 26, 2018, a new high. The Dow closed on November 5, 2019 at 27,492, a gain of 3% in 22 months. Gold closed at $1,352 on Jan. 26, 2018. Gold closed at $1,484 on November 5, 2019, a gain of 10% in 22 months.

This morning in pre-market the Amigos’ futures charts update the macro story……which goes something like this…Copper, the cyclical Amigo (weekly chart) has furthered the intermediate trend line break we noted on October 25th. 

Spot Price of Gold Chart

The biggest bank in Europe is in the process of imploding and there are persistent rumors that the final collapse could happen sooner rather than later.

Gold continues to consolidate with sideways price action after reaching the $1500-$1550 resistance zone.

The recent employment report points to the continuing strength of the U.S. labor market. The earlier months’ upward revisions paint the same picture. Yet the unemployment rate ticked higher – is a recession looming, or not? And what does it all mean for gold?

The price of gold popped back over $1500 last week (December futures basis) and silver moved back over $18.  The gold/silver ratio, which ran from 82 to 89 in the last week of September, has rolled over and seems to be headed lower. A falling GSR is typically a...

Sector expert dissects recent Fed and other government actions and discusses his recent precious metals trades.

As investors reset their clocks to accord with the end of Daylight Savings Time, they may also need to reset their expectations for future returns. 

In a September report, the World Gold Council (WGC) pointed out that some investors are underexposed to gold. The gist of the study is that investors may assume they have adequate exposure to gold because they’re invested in a fund that tracks a broad-based...

Not too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not a theory. We called it a cargo cult. You’d think that everyone would know that donning fake headphones made of coconut shells, and waving tiki...

Where will gold price be tomorrow, next week, next month, and next year? These are all questions that we are being asked on a regular basis. There are quite a few gold trading techniques that allow us to make predictions, but they often can be applied to only a...

In our most recent editorial we concluded by observing a few positives in the gold and silver stocks. We concluded with: “Their performance over the weeks ahead could give us an early hint as to how much longer the correction will last.”

Gold price action in November 2019 is likely to take most investors by surprise. There are two ways in which gold is likely to move in the first part of the month. It could slide right away based on the triple triangle-vertex-based reversal patterns that we see in...

I’ve been holding off on writing this Weekend Report for the US stock markets until I got just a little more confirmation that the next impulse move higher is underway. Last weeks price action is strongly suggesting that the nearly 2 year consolidation phase is...

In spite of some additional short-term strength to a new all-time high which is primarily driven by strength in the NDX, SPX is most likely putting the final touch on a large intermediate top.

Has the German Bundesbank increased Germany’s gold reserves for the first time in 21 years? The important story of how Bloomberg (and only Bloomberg via the Bloomberg terminal) reported that Germany had added to its gold reserves and that “Germany’s reserves climbed...

There've been quite the array of excitable headlines running across the spectrum by our great and good Gold writing colleagues these many weeks -- and rightly so -- the yellow metal (were we are year's-end today) having put in its best performance (+18.1%) since...

What a tease the Dow Jones Index has become to the bulls; it closed the week only 0.04% from its last all-time high of last July, only eleven points short of making market history. It’s important to note the Federal Reserve cut its Fed Funds rate 0.25% this week,...

Summary: Long-term – on major buy signal. Short-term – on buy signals. Gold sector cycle is now up, suggesting that the multi month correction is complete. We are adding more positions to our core holdings. 

In the first quarter of 2019, global debt hit $246.5 trillion. Encouraged by lower interest rates, governments went on a borrowing binge as they ramped up spending, adding $3 trillion to world debt in Q1 alone.

Recently, the US stock market rallied to new all-time highs which prompted an almost immediate celebration.  A day later, the US stock markets reacted by setting up multiple top rotation patterns.  The next day, a moderate price rally set up after the US Fed...

Here are today's videos and charts.